reply on: Samourai Wallet Founder Arrested for Money Laundering \ stacker news ~privacy

1000 sats \ 12 replies \ @OT 24 Apr \ on: Samourai Wallet Founder Arrested for Money Laundering privacy

Is whirlpool still working?

Correct me if I'm wrong but isn't the whirlpool coordinator FOSS and self-hostable? How hard would it be for someone to run that again?

Maybe the liquidity wouldn't be that big, but atleast we can get started again.

1 sat \ 2 replies \ @OT 24 Apr

I'm sure they have a backup plan. There's 10k BTC in there (was?)

0 sats \ 1 reply \ @santochibtc 28 Apr

They never had the custody of the UTXOs

0 sats \ 0 replies \ @OT 28 Apr

I know.

I mean they didn't have a backup for who would run whirlpool in case they were arrested

1 sat \ 7 replies \ @wealthcrumb 24 Apr

Server is down. Not sure what that means for BTC currently in the mixer. Might require running Dojo, or worse.

16 sats \ 0 replies \ @kristapsk 24 Apr

Not sure what that means for BTC currently in the mixer

With coinjoins you never give up custody of bitcoins to a third party, every coinjoin transaction needs to be signed by all participants for it to be a valid Bitcoin transaction.

1 sat \ 4 replies \ @shyfire 24 Apr

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0 sats \ 0 replies \ @orthwyrm 25 Apr

Unfortunately I doubt the non-custodial aspect holds any weight if the Tornado Cash situation is anything to go by.

0 sats \ 2 replies \ @OT 24 Apr

These kind of terms noncustodial, mixer, coinjoin will play out in court and set a precedent for future cases.

101 sats \ 0 replies \ @BenAllenG 25 Apr

Prosecution and judge will likely avoid this at all costs, they hate setting precedent where they can avoid it. Likely they will just show big numbers to the jury "tWo bIlLion lAunDeRed" and show one actual criminal they can prove used coin join and then point at samourai's marketing as clearly they knew they were running a money laundering scheme.

0 sats \ 0 replies \ @shyfire 25 Apr

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0 sats \ 0 replies \ @OT 24 Apr

You'd think they have been prepared for this moment. I guess all will be revealed over the coming years